HUB INTERNATIONAL ACQUIRES JRN BENEFITS, INC.

 

Press releases

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 Add Title:  HUB INTERNATIONAL ACQUIRES JRN BENEFITS, INC.
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 Location:  SANTA BARBARA, CALIF.
 Date:    2008-01-03  
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Hub International Limited announced today that Hub International of California Insurance Services, Inc. (HUB California) has acquired JRN Benefits, Inc. (JRN).  Financial terms of the acquisition were not disclosed.

Based in Santa Barbara, California, the $1.2 million revenue broker offers a broad range of employee benefits insurance and consulting services, with particular expertise in helping employers develop and administer qualified and non-qualified retirement plans and other benefit programs. John R. Nelson and his associates will continue to operate the JRN business. 

“JRN will provide HUB California with an additional product line expertise,” said Kirk Christ, president of HUB California. “The ability to call upon experienced professionals who can assist privately owned companies in maximizing their profits for their employees and personal accounts will be a clear differentiator from our competition, and we welcome John Nelson and his team to our growing Hub family of professionals.”

“At JRN, we have prided ourselves on providing our clients with service and expertise that is responsive, timely and cost-effective, and now by joining HUB, it will only get better,” said John Nelson, president of JRN. “We will continue to work with our clients to design and administer their retirement plans and other employee benefit programs and we will keep them informed of new developments that may impact their programs.  In addition, by joining the HUB team, we will gain access to a larger client base, be able to leverage key carrier relationships and have access to all of HUB’s vast resources.”

Headquartered in Chicago, IL, Hub International Limited is a leading North American insurance brokerage that provides a broad array of property and casualty, reinsurance, life and health, employee benefits, investment and risk management products and services through offices located in the United States and Canada.

 

This press release may contain words such as "anticipate," "believe," "expect," "intend," "plan," "project," and other similar words and phrases that indicate forward-looking statements.  Forward-looking statements reflect our current expectations regarding, among other things, our future growth, results of operations, cash flows, performance and business prospects, and opportunities.  Such statements are based on information currently available to us as well as assumptions regarding future events.  Consequently, such forward-looking statements are inherently subject to risks and uncertainties related to industry, financial, legal, regulatory conditions and events and other factors, any of which could cause our actual growth, results of operations, financial condition, cash flows, performance and business prospects, and opportunities to differ materially from those expressed in, or implied by, such forward-looking statements.  We therefore caution readers not to place undue reliance on any forward-looking statements, which speak only as of the date of this press release.  We undertake no obligation to update any statement contained herein, except as may be required law.

 

 

 

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CONTACT:

MEDIA CONTACTS:
W. Kirk James
Vice President, Secretary and
Chief Corporate Development Officer
Phone: 312.279.4881
kirk.james@hubinternational.com

Heather Schneider
Corporate Communications Director
Phone: 312.279.4683
heather.schneider@hubinternational.com

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 SOURCE :   HUB International Limited